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 Posted: Thu Aug 28, 2008 8:28 pm Post subject: Is there a guaranted life inusrance policy available for an |
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| My dad is 72 or 73 years old, on a fixed income and needs a life insurance policy to cover funeral expenses and a grave plot. Is there anything available that he could possible afford? |
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drfparham
New member
Joined: 28 Aug 2008
Posts: 1
1.30 Dollars($)
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| Posted: Tue Sep 02, 2008 3:36 pm Post subject: |
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| What state is your father located? There are plenty of those type policies out there. You just need to determine how much coverage is enough and how much monthly premium can be afforded. |
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Pirate91
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Joined: 17 Jul 2008
Posts: 72
15.21 Dollars($)
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| Posted: Wed Sep 03, 2008 4:10 am Post subject: |
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Hi, I'm sure that it won't be difficult to get a life policy for your father. The guaranteed life policies target the elderly, who can't otherwise get life coverage.
Guaranteed life policies don't require medical examination and are targeted to people ageing between 60 yrs and 80 yrs. The guaranteed life policy covers the expenses of funeral, and hence, offers coverage level which is much less than the traditional life policies. It may offer coverage between $15,000 and $25,000. And for higher coverage level you are required to pay more. |
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RupertWBradson
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Joined: 05 Jul 2007
Posts: 703
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| Posted: Wed Sep 03, 2008 4:17 am Post subject: |
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Hi, you are required to contact the local life agent about it. He will be able to find a good deal for your money.
However, the premium level for the guaranteed life policies is normally high because it aims at the senior population and requires no medical exam.
Also if you apply for the policy with half-yearly and quarterly payment plan, you have to pay even higher.
~Jeremy |
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JeremyHolter
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Joined: 06 Jun 2007
Posts: 1194
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